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How does system update exchange variance if any for CIP Asset created from Receipts? — Cloud Customer Connect
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How does system update exchange variance if any for CIP Asset created from Receipts?

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Summary:

Hi,

Suppose a capital expenditure is interface to project after an item is received. [Source name= Oracle Fusion Receiving]. The item is being bought in foreign currency. The asset is created from the CIP cost and transferred to FA.

Later when Invoice is created, there is change increase or decrease in the rate- how does this change flow back to projects and subsequently to FA?

Is there any adjustment made to the original asset created?

Thanks

Atul

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